We continue to like EDAC Tech (EDAC) and peg its fair value north of $20 per share. The stock has been roughly a triple for our members. We think the recent sell-off is a result of nothing more than profit taking in advance of the potential for capital gains taxes to increase next year.
”In the aerospace market, we are very bullish. Boeing has announced in their earnings reports that their order book is extremely high. We are facing a time of unprecedented growth in the development of new aircraft engines.” Source: EDAC Tech CEO Dominick Pagano (Wall Street Transcript), November 12, 2012.
<< Read the full Wall Street Transcript Interview with EDAC Tech’s CEO Dominick Pagano